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Retirement relief |
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Retirement reliefA special relief for Capital Gains Tax purposes which applies when an individual aged 55 or over disposes of his business or an interest in a business.Similar MatchesIndividual Retirement Account (IRA)Individual Retirement Account (IRA)A retirement account that may be established by an employed person. IRA contributions are tax deductible according to certain guidelines, and the gains in the account are tax-deferred. Debt retirementDebt retirementThe complete repayment of debt. See: Sinking fund. Tax deferred retirement plansTax deferred retirement plansEmployer-sponsored and other plans that allow contributions and earnings to be made and accumulate tax-free until they are paid out as benefits. Retirement Protection Act of 1994Retirement Protection Act of 1994Legislation designed to protect the pension benefits of workers and retirees by increasing required support of pension plans by employers. Phased retirementPhased retirementThe arrangement of a personal pension plan in segments to enable the policy holder to take a pension in stages. The lump sum entitlement is also phased. The policy holder may elect to phase the purchase of an annuity or to phase income drawdown (see personal pension plan). Further Suggestionsindividual retirement accountEmployee Retirement Income Security Act Registered Retirement Savings Plan (RRSP) normal retirement age Employee Retirement Income Security Act (ERISA) Retirement unfunded unapproved retirement benefits scheme Normal retirement early retirement Bonds Enabling Annual Retirement Savings (BEARS) IRA (individual Retirement Account) normal retirement date retirement annuity contract (RAC) |
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